Many non-profit organizations are in a constant battle to achieve their mission and cater to a wide group of benefactors.
Caring for their communities and continuing their mission (while practicing social distancing) is hard enough without the resources of their generous donors being temporarily closed.
“During times like these, we either pay attention to the negative or double-down on our mission and focus on the positive.” says Brandon Day, Senior Vice President of Data One and board member of various non-profits.
As a key supporter and trusted payments provider of many non-profits, Data One has received several inquiries on best ways to stimulate and simplify cash flow while abstaining from incurring additional costs.
“Negotiating your credit card processing rates and offsetting fees is key,” says Brandon.
Recently, when called by a large non-profit, Data One was able to show a savings of over $80,000 per year by utilizing a cash discount processing platform, called WavIt.
WavIt changes the dynamics of credit card payments for the benefit of businesses and non-profits by balancing the fee structure with patrons.
“Just like making any major purchase in cash, we as consumers expect a better price; whether it be a car, or even at the gas pump, we are used to paying more for a credit card purchase and receiving a discount when paying with cash,” Brandon explains.